First Bancorpbenefits

First Bancorp's benefits plans covered 1,380 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $922,786. Insurance brokers and agents were paid $178,895 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.4% of premiums. That is $130 per covered person, below the median for employer plans that report broker pay. Broker pay rose 33% from $134,868 in 2024.